ACC 710 - Federal Taxation

(3 units)

Analysis of the basic framework utilized in measuring and reporting taxable income of individuals and business entities. Per university policy this course may be repeated only once for credit.

Prerequisite(s): Admission to the online MAcc; ACC 701 with “C” or better and ACC 705 with “C” or better.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall, Spring, and Summer

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. discuss US federal tax law, the basic tax concepts and the practice of the IRS as well as ethical issues related to practicing tax law.
2. demonstrate a detailed understanding of the personal income tax formula.
3. perform various calculations relating to the personal tax formula.
4. recall basic tax concepts related to businesses; including the tax consequences of the acquisition and disposing of business assets.
5. evaluate tax policy and provide simple tax planning advice to individuals.

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